Author Topic: ONLINE PAYMENT METHODS  (Read 47101 times)

Offline Prince

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ONLINE PAYMENT METHODS
« on: December 28, 2008, 12:19:53 PM »
Evaluate Alternative Online Payment Methods

Credit cards still reign as the leading method of payment for online purchases, but other payment options are available. Your product and your customers' buying preferences will influence which payment methods you accept. In other countries, credit cards are not as pervasive, so you may want to consider offering alternatives for your international customers. Offering multiple payment options on your Web site, if you can afford it and maintain your profit margin, is a means to increase sales by increasing customer convenience and confidence. Many alternative methods are better suited to micropayments, charges less than $1, because the processing costs are often lower and credit card merchant account fees don't apply.

Providers that offer alternative payment methods, such as charging directly to a phone bill, electronic funds transfers (EFTs), and electronic checks, handle these transactions through a secure server or a payment gateway that encrypts the information, making these methods a safe means for consumers to purchase goods. With an EFT, phone bill charges, and debit cards, funds are verified before the purchase is complete, reducing the risk of fraud and insufficient funds returns.


Offer Your Customers the Option of Charging Purchases to a Phone Bill
eCharge offers an alternative payment method by allowing Internet users to "charge" purchases to their local phone bill. With eCharge, items priced low as $1 can be processed. Low charges make this method suitable for purchasing services such as memberships, subscriptions, and digital goods.

To enable this payment method, the merchant must subscribe to the billing service and provide a link to eCharge on the merchant Web site. Consumers must download free software to their computers to use the service. Then eCharge connects directly from the customer's modem to a secure server that automatically captures billing information. eCharge provides the customer with a billing service that is familiar, in the form of a local phone bill, and uses the same dial-up process as the Internet connection.

There are no monthly fees, but a $50 setup fee is required, and eCharge imposes a per-transaction fee of 8.25%. Consumers pay a fee of $0.50 for transactions less than $10; $1 for transactions from $10 to $35; and $2 for transactions of $35 or more. Merchants may elect to absorb the consumer fee.


Accept Payment with EFTs and Electronic Checks
There is a fine distinction between EFTs and electronic checks. An EFT deducts payment from a personal or business bank account, and funds are verified before an EFT is approved. A merchant account is not required, but in most cases you'll need an EFT vendor.

An e-check generates a type of paper check that is then deposited into the merchant's checking account and goes through the process a standard check would. Like a paper check, an e-check may be returned for insufficient funds, whereas an EFT is verified before the sale is completed. E-checks don't usually require anything more than a standard checking account to be processed. This is an excellent option for business-to-business transactions.

An EFT is generally a faster, more reliable method of payment than an e-check. Funds for an EFT are automatically verified and immediately transferred to your account. Using an e-check still produces a type of bank draft, whether paper or electronic, that follows the same process a standard check would. If funds are not available in the checking account to cover the e-check, the merchant will need to go through the same collection steps required to recover payment on a standard check. Bank overdraft fees and penalties for insufficient funds may be charged to the consumer.

iTransact.com has two products that allow payment through a checking account. To accept e-check and EFT payments using this system, neither you nor your customers require special software or hardware. Coding is integrated into your Web site that effectively links your customers to a secure server. There they provide the necessary bank account information, and the EFT or e-check is initiated. The merchant and customer receive immediate verification of the order, and the merchant receives the customer's name, address, phone number, e-mail address, items ordered, and the order total. Once the service is in place, EFTs may also be completed by phone or fax. You, the merchant, simply gather all the information that is on your customer's check and then enter this information into your EFT software, whether it operates on your PC, POS terminal, or automatically via a Web-based application.

Many MAPs, which process credit card payments, offer some form of EFT or e-check payment also. Charge.com is one such MAP, offering e-check acceptance setup free when you acquire a merchant account through them.


Offer a Monthly Payment Option
Qpass.com provides consumers with a monthly bill for digital products purchased online. Qpass works with merchants in two ways. A merchant vending digital content, such as software, subscriptions, music, etc., joins the Qpass network. Registered shoppers can then visit a member merchant and make purchases, which are stored on their Qpass account. Each month, Qpass bills the customer's credit card, and the merchant receives payment. This system is ideal for micropayments or pay-per-use products.

InterCoin is a similar service, currently in beta testing, enabling registered account holders to acc*mulate small charges from participating merchants. On a monthly basis, InterCoin will bill these charges to the account holder's credit card or deduct them electronically from a checking account or digital wallet. One big drawback of this payment method is that the merchant won't receive payment from InterCoin until the consumer pays for the transactions.


Offer One-Click Shopping
Qpass can provide members with one-click shopping on merchant sites outside the Qpass network. When a member visits a merchant who is not part of the network, Qpass provides PowerWallet technology, which allows customers to instantly fill out the forms required to make purchases. PowerWallet then stores the information, and the next time a customer purchases from that online merchant, he or she need only click one button. The merchant does not need to add anything to his or her site in order for Qpass customers to use this feature.


The digital wallet is a new e-commerce service that facilitates one-click shopping. Microsoft Passport helps users reduce the number of steps necessary to purchase items online by allowing customers to create a single sign-in name and password to use at participating Web sites. Microsoft claims easy integration of the Passport wallet service with merchant Web sites through a link on the purchase pages that automatically retrieves the customer purchasing data from the Passport server. Merchants may extensively customize Passport so that customers purchase goods and services directly from the merchant site. Passport is currently available on selected Microsoft sites, and Microsoft expects to make this service available to third parties in early 2000.

Offer Prepaid Shopping
RocketCash is an online shopping service that allows parents to create an account that their children can access to purchase goods from RocketCash-affiliated merchants. Parents may fund an account using a credit card number with a spending cap imposed or by check or money order. Parents can also place other restrictions on the account, such as the time of day a child can access it and the sites the child may visit.

RocketCash.com lets customers shop directly at the merchants' actual Web sites, which enables access to complete product offerings, photos, reviews, merchandising, special promotions, and sales. And there's virtually no difference between a RocketCash customer and a customer who visits your site and pays with his or her own credit card. RocketCash uses proprietary technology; merchants need only register as a RocketCash member in order to offer this service to their customers.

Accept Smart Cards
In Europe, smart cards are quite common. One such card, popular in the Netherlands, is Chipper, although it is complex to use. Another, popular in Belgium, is Proton. Bull features smart cards for international markets.


*NBF is not a partner to the above names mention, so use it at your own risk.

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« Last Edit: March 18, 2013, 11:56:59 AM by Lecturerdave »

Nigerian Best Forum . NBF

ONLINE PAYMENT METHODS
« on: December 28, 2008, 12:19:53 PM »

Offline solo

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Re: ONLINE PAYMENT METHODS
« Reply #1 on: February 04, 2009, 09:48:36 AM »
thanks a lot for this
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Re: ONLINE PAYMENT METHODS
« Reply #2 on: February 04, 2009, 10:26:49 AM »
Good info.

Offline Geralds

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Re: ONLINE PAYMENT METHODS
« Reply #3 on: February 04, 2009, 11:45:25 PM »
Hi, really a nice info.   Well i always prefer credit cards as my first option for payment.   And now daya there are various kind of low interest, low rate credit cards easily available.  



hxxp: www. zerorate. net


Offline Prince

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Re: ONLINE PAYMENT METHODS
« Reply #4 on: February 05, 2009, 12:49:45 AM »
I do prefer paying online with Paypal, because i have to pay some commission using my credit card for a foreign transaction, while it's free with paypal.

Offline solo

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Re: ONLINE PAYMENT METHODS
« Reply #5 on: February 05, 2009, 04:53:38 AM »
How do you do it,Prince
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Offline Prince

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Re: ONLINE PAYMENT METHODS
« Reply #6 on: February 05, 2009, 05:59:49 AM »
I'm having an oversea address, my credit card is from an european bank, as paypal don't accept Nigerians.

You need to open a bank account in one of the countries accepted by paypal.

Offline solo

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Re: ONLINE PAYMENT METHODS
« Reply #7 on: February 06, 2009, 04:29:56 PM »
Okay.thanks.really,this is a real place to be.
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Offline Prince

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Re: ONLINE PAYMENT METHODS
« Reply #8 on: February 06, 2009, 04:45:52 PM »
You're welcome.

Offline solo

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Re: ONLINE PAYMENT METHODS
« Reply #9 on: February 06, 2009, 05:21:11 PM »
yah
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Re: ONLINE PAYMENT METHODS
« Reply #10 on: April 06, 2009, 05:30:13 PM »
Priome4x is a forex broker who provide the best and various payment methods to its clients bisit www. prime4x. com

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Re: ONLINE PAYMENT METHODS
« Reply #11 on: May 15, 2009, 11:03:26 PM »
yes this is a very helpful topic

get digital visa card in your email to purchase anywhere visa card logo is is display,paypal accept

www. netbizworldng. com

Offline forexrobot

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Re: ONLINE PAYMENT METHODS
« Reply #12 on: May 16, 2009, 08:38:23 AM »
I really like the constructive contribution in this forum.
I rate this forum No.  1. .
It has out-beat "Nairaland. com" 110%.
Nairaland has been over-taken by scammers and fraudstars. . .

Offline Prince

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Re: ONLINE PAYMENT METHODS
« Reply #13 on: May 16, 2009, 01:32:35 PM »
Thanks for the compliment forexrobot,
NBF is not competing with them. We only trying to make a different.

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Re: ONLINE PAYMENT METHODS
« Reply #14 on: May 18, 2009, 10:44:00 AM »
thats it.
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Re: ONLINE PAYMENT METHODS
« Reply #15 on: May 18, 2009, 03:51:05 PM »
visit 419 Scam. net
the first auto-exchange website in nigeria.

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Re: ONLINE PAYMENT METHODS
« Reply #16 on: May 18, 2009, 06:59:51 PM »
thanks

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Re: ONLINE PAYMENT METHODS
« Reply #17 on: May 19, 2009, 03:30:20 PM »
visit        www. netbizworldng. com for fast e-currency exchang and also get your digital visa card

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Re: ONLINE PAYMENT METHODS
« Reply #18 on: June 04, 2009, 05:33:56 PM »
In fact this forum is the best I have ever see.  I want to say paypal is better in the sense that they charge very low compared to credit card.  The only problem about paypal in nigeria is that inability to open it easily due to some special restriction that ban nigerian from verifying paypal account.  If you know how to open it and varify it as nigeria, endeavour to help others.
hxxp: akgab. wapzan. com.

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Re: ONLINE PAYMENT METHODS
« Reply #19 on: June 05, 2009, 12:52:19 AM »
paypal don't accept nigerians,please,don't risk your money.
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Re: ONLINE PAYMENT METHODS
« Reply #20 on: June 30, 2009, 09:28:50 AM »
    
i saw this "GET A BRAND NEW ACER LAPTOP FOR 15,000. 00 " almost every where, how true is this? any ideas?. . .  it really great to be a nigeria
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Re: ONLINE PAYMENT METHODS
« Reply #21 on: August 04, 2009, 03:31:02 PM »
Hi Prince.  You already are doing a good job.  Speaking of PayPal how about ordering a mastercard and linking it to an africa paypal account.  One can receive money and also pay with it. . . I just got this info newly and i am planning to use it.

do you think is ok.
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Re: ONLINE PAYMENT METHODS
« Reply #22 on: October 11, 2009, 05:05:28 AM »
FREE PAYPAL OPENING GUIDE GET URS NOW


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Re: ONLINE PAYMENT METHODS
« Reply #23 on: November 03, 2009, 02:42:34 AM »
this post has been rate no 1 In life changing post i surely know that it will have a positive effect on all reader that acts positively no it for more details on internet business goto hxxp: megasundax. hexat. com.  thanks.

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Re: ONLINE PAYMENT METHODS
« Reply #24 on: November 03, 2009, 12:11:13 PM »
People don't know that you can make money using Liberty reserve which is an online payment wallet. Its just like paypal but its available to all. I am just adding more to what prince has written and how you can profit with it. Its legal and simple but POWERFUL.
The information you are about to read might be devastating to your MIND!
Before I spill this out, I will implore you to give this article your utmost
attention and concentration ever. Now , take a deep breadth in...and let out..
Things to know: You are going to learn how to grow just $6 to $$$$$. PLease,
don't be skeptical because that was how I felt when I first saw this report.
READY?

Step 1:
Right click on this page, copy and paste it to your notepad or word document and save.
Step 2: 
Open a free Liberty reserve account here at http://tinyurl.com/yfww2sm. Its free.

Step 3:
Fund your liberty reserve account with atleast $6 (approx 950 depending on the exchanger you choose) with an exchanger.
Note for example: If you are from canada, type "liberty reserve exchanger in Nigeria"
in Google search engine or go to www.e-naira.com. Fill the details form on the one you choose and pay the equivalent
amount to their account details. It takes just within 4hours to fund your liberty reserve account.  Now, after successfully funding your account move on.

Step 4:
Login to your liberty account and pay $2 each to these accounts
-Account 1:U3225016
-Account 2:U1161991
-Account 3:U7157513

Step 5:
Now go back to the article that you have saved, erase or delete or remove Account 1.
Shift account 2 to be Account 1.
Shift account 3 to be Account 2
Now, Copy YOUR OWN ACCOUNT NUMBER to make it Account 3.
Save the now edited page that has your account number.

Step 6:
Post the saved article containing your account number to online forums. Just go to Google
and type 'free online forums'. There are thousands of them on the internet.
Just register with as many as you can, 50 atleast and paste your article on them.
Check your account within 3days and you will see what i am talking about.
Mind, the more you post, the more you.... Its just to simple. Email me at zico2rise@gmail.com
if you are hooked-up somewhere.

Step 7:
GO AND SLEEP!
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Webdesign, Webhosting, Email hosting and Online adverts. 
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Re: ONLINE PAYMENT METHODS
« Reply #24 on: November 03, 2009, 12:11:13 PM »

 

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